BRIEF-Lloyds Banking sells CRE loans for 860 mln pounds

Fri Nov 29, 2013 10:20am EST

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Nov 29 (Reuters) - Lloyds Banking Group PLC : * Sale of CRE loans * Agreed the sale of a corporate real estate portfolio (the portfolio), to

promontoria holding 89 bv * Gross assets subject to the transaction are £1,094 million, at current

exchange rates * Deal for a cash consideration of E1,032 million, or approximately £860

million at current exchange rates * Transaction is expected to complete by the end of 2013. * Deal not expected to have a material impact on the group * Source text

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